Plus: Venice AI’s VVV token dropped – and AI brokers scored huge
GM. Consider us as your crypto bartender – mixing up the day’s zesty market actions, shaking out the fluff, and serving it straight, no garnish wanted.
🤖 Venice AI.
🍋 Information drops: crypto Ponzi scheme promoter will get sentenced, KuCoin has to depart the US for 2 years + extra
🍍 Market taste right this moment
After all of the BUFFOONERY we needed to endure via yesterday, we lastly get to take pleasure in some extra of these lovely greens available in the market right this moment.
The Concern & Greed Index is meditating in Greed at 72, Bitcoin’s again above $100K. Life is zen 🧘
So, mainly, our boy BTC managed to stabilize after the DeepSeek fiasco, which André Dragosch, a researcher at Bitwise, sees as hella bullish – particularly figuring out that the NASDAQ stored on sliding.
And if you happen to’re nonetheless shaking from yesterday’s dip, macroeconomic skilled Raoul Pal has some recommendation for you: settle down and go contact some grass.
20-30% value dips are utterly regular out right here – and 2025 remains to be lookin’ good for crypto.
He says we’re getting into the Banana Singularity or Part 2 of the Banana Zone, which is mainly that second available in the market cycle when issues go, nicely, bananas – costs, hype, sentiment, every part. In keeping with him, we will count on Q1 to be tremendous sturdy.
And eventually, as all the time – when doubtful, zoom out:
Metaplanet – aka the Japanese model of MicroStrategy – is elevating cash to purchase extra Bitcoin (and saying it is the biggest capital increase in Asia for this objective);
The strategic Bitcoin reserve invoice in Arizona handed the State Senate Finance Committee and is now headed to the Senate Guidelines Committee. If the Senate approves, it is off to the Home. If the Home approves, it is off to set a pattern for different states to do the identical. After which, to the moon.
Positive, possibly your neighbor – who thinks crypto is a few imaginary rip-off web cash – was throwin’ center fingers at your window yesterday. Perhaps your dad and mom advised you to maneuver out of their basement when the market dipped (jk… possibly).
However go searching – main gamers and states are nonetheless all-in on BTC. Do not lose focus; the longer term’s lookin’ shiny, my pal 😏
🥝 Memecoin harvest
That is what occurs when the web collectively decides, “we like this joke sufficient to make it worthwhile” 😃👍
Identify
24H Change
Venice Token VVV
▲6.4K%
TruthChain TRUTH
▲6.2K%
GoFundMe GFM
▲173%
Beenz BEENZ
▲132%
Information as of 09:35 AM EST.
Try these memecoins and lots extra right here.
“Why the frick does an Italian metropolis have a token??” – one would possibly ask after seeing the highest memecoin on our record right this moment.
… yeah, I do know, nobody thought that. What a silly intro, truly. Nevertheless it’ll do 🤠
Anyhow, no, it is not a metropolis, you foolish goose 🤪 – it is a platform known as Venice AI, launched in Might 2024 by Bitcoin advocate Erik Voorhees to provide you entry to AI fashions like Llama and DeepSeek (sorry if this phrase triggers PTSD).
There have been loads of rumors going round about AI fashions – like “DeepSeek is sending person knowledge to China” – which make folks query how secure AI tech actually is.
Venice is right here to sort out these considerations by storing conversations domestically in your browser, encrypting them in transit, and processing every part on decentralized GPUs.
(In different phrases, no person’s snooping in your bizarre AI interactions).
Plus, Venice presents non-public and uncensored API entry for AI brokers – that means they discover extra subjects and enhance their reasoning with a broader, unrestricted data base.
Oh, and the platform launched that VVV token you simply noticed. It was an attention-grabbing launch, lemme inform ya:
This was the primary token airdrop aimed toward AI brokers – 25% of the VVV genesis provide went to AI neighborhood protocol accounts on Base (like Luna, aixbt, and VaderAI);
Inside about 90 minutes of launching, VVV hit a completely diluted worth (FDV) of over $1B;
Coinbase listed it on the identical day of its launch (which, usually, takes weeks).
And what does this entire factor inform us?
Everybody’s been saying 2025 can be the 12 months for the AI + crypto combo – Venice’s success is one other proof;
Tokens allotted to AI brokers present they’re changing into absolutely built-in gamers in DeFi;
Underneath Trump, devs would possibly really feel safer constructing crypto initiatives – so we will possible count on extra launches like this one.
Liking the juice? 🍋 Don’t gatekeep this one – share the Each day Squeeze and let your pals get a style of Web3 sweetness!
Honest warning, tho’: you’ll have to hold the load of changing into a hero.
🍋 Information drops
⛓ Antonia Perez Hernandez, a promoter of the Forcount crypto Ponzi scheme, is heading to jail for 30 months. She and her crew scammed buyers out of $8.4M by luring them into Forcount with guarantees of big returns. Spoiler: none of these returns had been actual.
💸 KuCoin agreed to pay a $300M tremendous for working an unlicensed money-transmitting enterprise within the US. Additionally, the founders had been compelled to resign, and the alternate is saying goodbye to the US marketplace for the subsequent two years.
📝 Tuttle Capital has filed for ETFs linked to Chainlink (LINK), Cardano (ADA), and even memecoins like MELANIA and TRUMP. Bloomberg’s James Seyffart says it is a case of issuers testing how far the SEC will go.
🇺🇸 Ripple received cash transmitter licenses in New York and Texas. With this approval, they’re all set to supply cross-border funds within the US.
🗣 CFTC’s appearing chair, Caroline Pham, introduced public roundtable discussions to sort out market points (together with people who contain crypto). Over the subsequent few months, they’re going to collect enter from trade consultants, dig into knowledge, and hopefully work out some clear guidelines for crypto.
🧃 Sip of information
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🍌 Juicy memes
